Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
OnJanuary 25, 2022 , the Human Capital andCompensation Committee of the Board of Directors (the "Committee") ofBaker Hughes Company (the "Company") approved revised forms of restricted stock unit award agreements and a revised form of performance share unit award agreement for officers under the Company's 2021 Long-Term Incentive Plan. The changes, in part, modify provisions in respect of payments due at attaining retirement eligibility and changes related to certain types of transactions. The Committee also approved changes to the Company's Executive Officer Short-Term Incentive Plan to modify provisions related to Section 162(m) of the Internal Revenue Code, as amended and to the change in control provisions to align to the Company's Executive Change in Control Severance Plan.
On
Named Executive Officer Performance Share Units Restricted Stock Units Total
$ 6,600,000.00 $ 4,400,000.00$ 11,000,000.00 Brian Worrell $ 1,750,000.00 $ 1,750,000.00$ 3,500,000.00 Maria Claudia Borras $ 1,500,000.00 $ 1,500,000.00$ 3,000,000.00 Rod Christie $ 1,250,000.00 $ 1,250,000.00$ 2,500,000.00 The Committee also approved an increase in base salary to$950,000 forMaria Claudia Borras , Executive Vice President, Oilfield Services effectiveFebruary 7, 2022 and an additional restricted stock unit award with a grant date value of$3,000,000 which will cliff vest on the third anniversary of the grant date. The foregoing description does not purport to be complete and is qualified in its entirety by reference to the complete text of the aforementioned documents, copies of which are filed as Exhibits 10.1, 10.2, 10.3, and 10.4 to this Current Report on Form 8-K and are incorporated herein by reference. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 10.1 2022 Restricted Stock Unit Award Agreement (Ratable )
under the Baker
Hughes Company 2021 Long-Term Incentive Plan 10.2 2022 Restricted Stock Unit Award Agreement (Cliff )
under the Baker Hughes
Company 2021 Long-Term Incentive Plan 10.3 2022 Performance Share Unit Award Agreement under the
Long-Term Incentive Plan 10.4 Baker Hughes Company Amended and Restated Executive
Officer Short-Term
Incentive Plan 101.SCH* 101.CAL* Inline XBRL Calculation Linkbase Document 101.LAB* Inline XBRL Label Linkbase Document 101.PRE* Inline XBRL Presentation Linkbase Document 101.DEF* Inline XBRL Definition Linkbase Document 104* Cover Page Interactive Data File (formatted as Inline XBRL
and contained in Exhibit 101) F
-------------------------------------------------------------------------------- Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BAKER HUGHES COMPANY Dated: January 27, 2022 By: /s/ Lee Whitley Lee Whitley Vice President and Corporate Secretary BAKER HUGHES HOLDINGS LLC Dated: January 27, 2022 By: /s/ Lee Whitley Lee Whitley Vice President and Corporate Secretary
© Edgar Online, source